Its not quite time to celebrate, but it looks like it is time to start feeling a little more optimistic about the economy. Economist Dennis Garman says that the U.S. recession is done. In a recent interview, Garman states, "We saw it happen two weeks ago." Why does Mr. Garman's forecast hold any merit? Back in the fall of 2007 he told his newsletter subscribers the we were entering a recession, a year a head of the government's official call. The recession he forecast, that began in December 2007 is now over, according to indicators he values. The first indicator is the downward spike in the number of weekly jobless claims, a trend he looks for first, and number two is the ratio from The Conference Board: the percentage of coincident economic indicators to lagging indicators. The ratio has risen three months in a row, and he feels confident the recession is at an end and he expects economic indicators to slowly turn positive by October.
Just this morning it was reported that the economy shed 247,000 jobs in July, much less than the forecasted 325,000 loss anticipated and unemployment was actually down for the first time since April, 2008. Good signs to be sure, and good news for investors. With confidence growing and more investors participating its a good time to invest in real estate. With low prices, great financing opportunities and quality property out there, its a good time to start searching.
The Ridges at Tellico Lake is offering large estate size home sites to build that dream second or vacation home, or even retirement home. There are two beautiful homes open daily for inspection that are being offered for fractional ownership from just $149,900. These homes feature spectacular Smoky Mountain, 50 mile panoramas, and are exquisitely furnished and ready for occupancy.
Residents will enjoy boating, fishing, hiking, biking and now the best golf in Eastern Tennessee.
For more information please visit www.theridgesattellicolake.com or call 239-253-2332
No comments:
Post a Comment